Date: 21st - 22nd Feb 2022
ONLINE - 6 HOURS (3 HOURS PER DAY)
Audience
Accounts staff who need to understand the requirements of lease and law in the production of accounts
Property managers whose input is required during the service charge year from their clients
It may also be suitable for senior managers who are responsible for the corporate strategy within their accounts department
Description
A 2-day interactive webinar discussion addressing best practice for service charge accounting
Content:
Understand the difference between corporate and service charge accounting
Gain an overview of corporate accounts: RMCs, dormant companies, legal requirements, etc.
Learn best practice for service charge accounting from budget to year-end
Find out about the management of receipts and payments
Explore the procedures for the accurate allocation of costs
Learn bout the production of accounts under lease and legal requirements
Explaining service charge accounts - accruals, prepayments, balance sheet
Understand reserve fund expenditure
Find out how to treat year-end surpluses and deficits
Learn about the chain of responsibility including who signs off the accounts
Appreciate the benefits of adopting new articles for RMCos
Understand taxation issues in connection with RMCos and with service charge accounts/income
Get the opportunity to discuss common problems encountered in presenting accounts to clients and leaseholders